Nick's indifference curves are circles, all of which are centered at (12, 12).Of any two indifference circles, he would rather be on the inner one than the outer one.
A)Nick's preferences are not complete.
B)Nick prefers (16, 17)to (10, 10).
C)Nick prefers (10, 17)to (10, 10).
D)Nick prefers (8, 8)to (17, 21).
E)More than one of the above statements are true.

Question

Quizplus · Accepted Answer

The Answer of Nick's indifference curves are circles, all of which are centered at (12, 12).Of any two indifference circles, he would rather be on the inner one than the outer one.
A)Nick's preferences are not complete.
B)Nick prefers (16, 17)to (10, 10).
C)Nick prefers (10, 17)to (10, 10).
D)Nick prefers (8, 8)to (17, 21).
E)More than one of the above statements are true.

Nick's Indifference Curves Are Circles, All of Which Are Centered